You will need a credit score of 580 or higher to get a $30,000 personal loan in most cases, along with enough income to afford the monthly bill payments. Other common loan requirements include being at least 18 years old, being a U.S. citizen or a permanent resident, and having a valid bank account.
Credit Score Required for $30,000 Personal Loans
| Lender | Credit Score Required | Loan Amount | APR Range |
| SoFi | 680 | $5,000 - $100,000 | 8.99% - 29.99% Fixed APR with all discounts |
| TD Bank | 660-750 | $2,000 - $50,000 | 8.99% - 23.99% |
| Wells Fargo | 660 | $3,000 - $100,000 | 7.49% - 23.24% |
| LightStream | 660 | $5,000 - $100,000 | 7.49% - 25.99% |
| Discover | 660 | $2,500 - $40,000 | 7.49% - 24.99% |
| Upgrade | 580 | $1,000 - $50,000 | 8.49% - 35.99% |
| Universal Credit | 580 | $1,000 - $50,000 | 11.69% - 35.99% |
Lenders tend to have large loan ranges, and their minimum requirements for approval (credit score, income and other factors) will determine whether you can get at least the lowest loan amount. But the higher your credit score and income are, the greater the amount you're likely to qualify for.
Keep in mind that your chances of approval do get better the higher your score is above the minimum requirement. The best way to see your odds of approval and what rates may be available to you is to add your desired loan amount to WalletHub's free pre-qualification tool. This tool won't hurt your credit score.
This answer was first published on 10/17/21 and it was last updated on 03/01/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
